US

The Jones Act: All you need to know

The US Naval Institute focused on the Jones Act, providing an insight into what it is, what’s its history and whether it is successful. Generally, the Jones Act is a federal law that regulates maritime commerce in the United States. The Jones Act only applies to domestic U.S. trade. It has no impact on vessels transporting cargo to or from another country.

US bans cruises to Cuba

As Reuters reports, the Trump Administration applied heavy restrictions including banning cruises from the US to Cuba, as Cuba supports Venezuelan President, Nicolas Maduro. The US no longer permits visits to Cuba through passenger and recreational vessels. 

ICS Chairman: Exact cost of 2020 sulphur cap the big unknown

Esben Poulsson, the Chairman of ICS has commended the Cyprus Shipping Chamber (CSC) as being a ‘model member’. Mr. Poulsson also highlighted that the lifting of the restrictions that Turkey has imposed on Cypriot-flagged ships would lead to a a win-win situation. Moreover, he expressed ICS’s full support on 2020 sulphur cap, but highlighted its concerns regarding the prices of the new fuels.

Chinese market to surpass the impact of US-China trade dispute

During a speech at a forum on Saturday, May 25, Guo Shuqing, the People’s Bank of China’s party secretary and head of the China Banking and Insurance Regulatory Commission, commented that the impact of the trade war with the U.S. on the Chinese economy will be very limited.

US experiences wettest 12 months period due to heavy rains

The rain that is pouring along the US Midwest and Great Plains has closed refineries, flooded streets and led to problems for the Mississippi River traffic. What is more, there is no sign of that this situation will stop soon, coming to add to the US’s most wet 12-month period ever recorded.

Researchers find wreck of last slave ship off Alabama

Researchers discovered the last ship known to smuggle slaves from Africa to the US in Alabama’s Mobile River, nearly 160 years after it was deliberately sunk, the Alabama Historical Commission announced Wednesday. 

Explaining High Seas Forecasts

NOAA’s High Seas Forecasts are weather forecasts and data transmitted around the world in real- and near-real-time. These forecasts are aiming to make navigation safer, especially considering the fact that for centuries not much could be done to make shipping safe, because of weather unpredictability.

China: No deal has been agreed with the US

China’s Foreign Ministry Spokesperson Lu Kang has declined claims by US President Donald Trump that the two countries had made a deal to stop the trade war. During a Press Conference, Lu Kang mentioned that he is not aware of the deal that the US is talking about. He added that the underlying reason that the 11 rounds of consultations have not managed to conclude on an agreement is that the US attempts to achieve unreasonable demands.

North Korea demands return of seized vessel by the US

North Korea claimed that the seizure of one of its cargo ships by the US was an illegal act that violated the spirit of a summit between the two countries. For this reason it demanded the return of the ship immediately. The US accused the ship of illicit coal shipments, thus violating sanctions and was first detained by Indonesia in April 2018.

Shipping industry worried over recent trade developments

A delegation from the ICS, the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA) has, at the World Trade Organization in Geneva, raised concerns regarding recent increases in protectionist measures. The associations presented two position papers to the WTO, to highlight the importance of the shipping sector fully committing to the preservation and promotion of free trade policies and principles around the world.

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